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Hemisphere Media Group Inc (HMTV.OQ)

HMTV.OQ on NASDAQ Stock Exchange Global Market

13.50USD
21 Jun 2018
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Latest Key Developments (Source: Significant Developments)

Hemisphere Media Group Posts Quarterly Loss Vs Year-Ago Profit
Friday, 4 May 2018 

May 4 (Reuters) - Hemisphere Media Group Inc ::HEMISPHERE MEDIA GROUP ANNOUNCES FIRST QUARTER 2018 FINANCIAL RESULTS.Q1 REVENUE $29 MILLION VERSUS $34.2 MILLION.Q1 FINANCIAL RESULTS IMPACTED BY CONTINUED DISRUPTION CAUSED BY HURRICANE MARIA.QTRLY NET LOSS WAS $7.6 MILLION , AS COMPARED TO NET INCOME OF $2.7 MILLION IN COMPARABLE PERIOD IN 2017.HEMISPHERE MEDIA - AS OF MIDNIGHT MAY 4, CO REACHED IMPASSE IN NEGOTIATIONS WITH DIRECTV IN PUERTO RICO REGARDING ITS RETRANSMISSION CONSENT AGREEMENT.REACHED A DEFINITIVE AGREEMENT TO ACQUIRE A 75% INTEREST IN SNAP GLOBAL LLC.FINANCIAL TERMS OF AGREEMENT TO ACQUIRE INTEREST IN SNAP GLOBAL, LLC WERE NOT DISCLOSED.HEMISPHERE MEDIA - DUE TO IMPASSE IN NEGOTIATIONS WITH DIRECTV IN PUERTO RICO, WAPA CURRENTLY NOT BEING BROADCAST IN PUERTO RICO TO DIRECTV CUSTOMERS.HEMISPHERE MEDIA - ALSO SIGNED CO-PRODUCTION JV WITH MAR VISTA ENTERTAINMENT, A MINORITY OWNER OF SNAP TV, TO CO-PRODUCE NEW ORIGINAL MOVIES & SERIES.  Full Article

Hemisphere Media Group announces Q3 revenue of $32.2 mln
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Hemisphere Media Group Inc :Hemisphere Media Group announces third quarter 2017 financial results.Q3 revenue fell 3 percent to $32.2 million.Hemisphere Media Group Inc - ‍Expect that there will be a significant decrease in retransmission revenue in Puerto Rico for Q4​.Hemisphere Media Group Inc - ‍Following hurricanes, there was a steep decline in advertising revenue in Puerto Rico, which continues through today​.Hemisphere Media Group Inc - ‍Net revenues were $32.2 million for three months ended September 30, 2017, a decrease of 3%,.Hemisphere Media - ‍For both advertising & retransmission revenues in Puerto Rico, do not expect significant improvement until power restorations.Hemisphere Media Group Inc - ‍Net income was $0.7 million for three months ended September 30, 2017, a decrease of 84% ​.  Full Article

Hemisphere Media Group announces Q2 2016 financial results
Friday, 5 Aug 2016 

Hemisphere Media Group Inc : Hemisphere media group announces second quarter 2016 financial results . Q2 revenue $35 million versus I/B/E/S view $34.5 million . Affirms full-year adjusted ebitda guidance .Net income was $5.0 million for three months ended June 30, 2016, an increase of $1.6 million.  Full Article